WPP stock declines 8.00% on earnings

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Source: Dukascopy Bank SA


The British multinational communications, advertising, public relations, technology, and commerce holding company WPP has released its second quarter earnings results. The quarterly results missed market expectations

During the first two hours of London trading the stock price lost 8.17% or 72.8 GBP.

The company has missed its earnings per share estimate by 2.12%, but the major hit to the stock occurred due to the total revenue. Namely, the company missed the forecast by 51.26% or a total of 298.43 billion.
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